Hitech Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
HITECHCORP · price
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Hitech Corporation Limited held its Board Meeting on May 20, 2026, approving audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations grew to Rs 58,425.16 lakhs (up from Rs 54,942.94 lakhs YoY), with standalone PAT of Rs 802.34 lakhs. Consolidated revenue reached Rs 64,040.21 lakhs with consolidated PAT of Rs 1,518.86 lakhs, up from Rs 893.67 lakhs YoY. EPS stands at Rs 4.67 (standalone) and Rs 8.84 (consolidated). The Board recommended a dividend of Rs 1 per share (10%) for FY 2026, subject to shareholder approval at the 35th AGM. Mr. Malav Dani was re-appointed as Managing Director for a 5-year term from August 5, 2026. Mr. Jayendra Shah, Non-Executive Non-Independent Director, will retire by rotation at the ensuing AGM. Auditors Kalyaniwalla & Mistry LLP issued unmodified opinions.
Positive signals from revenue and profit growth with a clean audit opinion. The dividend and re-appointment of the Managing Director provide stability. The retirement by rotation of Mr. Jayendra Shah is a routine governance matter with no red flags.